Question #242653
Based on the arguments provided in the article, describe the type of market structure that Apple belongs to.
Expert's answer
In the smart phone industry, Apple Inc has an oligopolistic market structure. The oligopoly market structure is characterized by a lack of or restricted product and service rivalry. In the branded computer market, Apple is a monopolistic competitor.
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#339914 on Dec 2023
#339914 on Dec 2023